Três Tentos Agroindustrial’s $255 Million IPO

Paul Hastings advised the underwriters BTG Pactual, Bank of America, Citigroup, Bradesco BBI, UBS BB and Safra on the deal.

Três Tentos Agroindustrial announced its $255 million (1.3 billion reais) IPO on the B3 exchange.

Três Tentos Agroindustrial has a leading position among agribusiness players in various Brazilian states, and it will use the proceeds from the IPO to continue its expansion plans, including to fund construction of an industrial plant in the central state of Mato Grosso and for new store openings.

Partner David Flechner (Picture) led the Paul Hastings team, which also included associates Thomas Ayres and Diana Balassiano, with assistance from partner David Makso and associate Rob Wilson on tax issues.

Involved fees earner: Thomas Ayres – Paul Hastings LLP; Diana Balassiano – Paul Hastings LLP; David Flechner – Paul Hastings LLP; David Makso – Paul Hastings LLP; Rob Wilson – Paul Hastings LLP;

Law Firms: Paul Hastings LLP;

Clients: Bank of America; Bradesco BBI; BTG Pactual; Citigroup Inc.; Safra Securities; UBS BB;